Bitmine&#8217;s increased ETH staking solidifies its influence in the crypto market, 
potentially impacting Ethereum&#8217;s network dynamics and staking yields.
The post Bitmine stakes additional 113,280 ETH, totaling $7B in staked assets: 
On-chain data appeared first on Crypto Briefing.

Bitmine stakes additional 113,280 ETH, totaling $7B in staked assets: On-chain data

XRP price failed to surpass $2.00 and started another decline. The price is 
now correcting gains and might struggle to stay above $1.860. XRP price 
started a downside correction and tested the $1.90 zone. The price is now 
trading near $1.890 and the 100-hourly Simple Moving Average. There is a 
declining channel or a possible bullish flag pattern forming with support at 
$1.860 on the hourly chart of the XRP/USD pair (data source from Kraken). The 
pair could start another increase if it clears $1.950. XRP Price Struggles 
Below $2.00 XRP price failed to clear $2.00 and started a downside correction, 
underperforming Bitcoin and Ethereum. The price dipped below the $1.920 and 
$1.90 levels to enter a negative zone. The price even dipped below the 50% Fib 
retracement level of the upward move from the $1.810 swing low to the $1.945 
high. The bulls are now active near $1.880. There is also a declining channel 
or a possible bullish flag pattern forming with support at $1.860 on the 
hourly chart of the XRP/USD pair. The price is now trading near $1.890 and the 
100-hourly Simple Moving Average. If there is a fresh upward move, the price 
might face resistance near the $1.920 level. The first major resistance is 
near the $1.950 level, above which the price could rise and test $2.00. A 
clear move above the $2.00 resistance might send the price toward the $2.050 
resistance. Any more gains might send the price toward the $2.120 resistance. 
The next major hurdle for the bulls might be near $2.150. Another Decline? If 
XRP fails to clear the $1.950 resistance zone, it could start a fresh decline. 
Initial support on the downside is near the $1.880 level. The next major 
support is near the $1.860 level and the 61.8% Fib retracement level of the 
upward move from the $1.810 swing low to the $1.945 high. If there is a 
downside break and a close below the $1.860 level, the price might continue to 
decline toward $1.8320. The next major support sits near the $1.80 zone, below 
which the price could continue lower toward $1.7650. Technical Indicators 
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 
level. Major Support Levels – $1.880 and $1.860. Major Resistance Levels – 
$1.950 and $2.00.

XRP Price Stuck Under $2.00 As Markets Brace For Another Slide

Intel&#8217;s potential partnerships with NVIDIA and Apple could enhance US chip 
manufacturing, reduce reliance on TSMC, and align with &#8220;Made in America&#8221; 
goals.
The post Intel rises in extended trading on NVIDIA partnership rumors appeared 
first on Crypto Briefing.

Intel rises in extended trading on NVIDIA partnership rumors

Citrea has launched its mainnet, introducing a Bitcoin-native application 
layer built for on-chain trading, lending, and settlement. Bitcoin ZK-rollup 
Citrea has launched its mainnet, opening the door for lending, trading, and 
settlement directly on the Bitcoin network. The launch was…

Bitcoin ZK-rollup Citrea launches mainnet to expand on-chain BTC use cases

XRP is trading below the $2.00 mark as the market drifts into a phase defined 
by apathy and uncertainty, with participation thinning and conviction on both 
sides fading. After a powerful rally earlier in the cycle, price action has 
cooled significantly, and recent attempts to regain momentum have failed to 
attract sustained follow-through. The current environment reflects a market 
that is no longer driven by aggressive speculation but instead is weighed down 
by caution and a lack of clear directional catalysts. Related Reading: Bitcoin 
Breaks Below $87K As Political Risk Spikes – Liquidations Reveal The Real 
Driver Top analyst Darkfost explains that the shift began in the derivatives 
market. After XRP open interest on Binance surged to a new all-time high of 
$1.76 billion on July 17, positioning became increasingly crowded. As price 
stalled and volatility picked up, that leverage started to unwind. The result 
was a sharp contraction in open interest, which unfolded alongside a major 
price correction. XRP fell from $3.55 to $1.83, a drawdown of nearly 50%, 
highlighting how tightly price and leverage were linked during the 
distribution phase. Declining moving averages compress the price, signaling 
persistent downside pressure and weak momentum. Most recently, Binance XRP 
open interest dropped below $500 million, a level that has persisted since the 
exceptional liquidation event on October 10. This sustained compression 
signals a market that has largely flushed excess leverage, but has yet to see 
renewed speculative interest—leaving XRP stuck below $2 and searching for a 
new equilibrium. Deleveraging Resets Market Structure After Liquidity Flush 
Overall, XRP open interest has fallen by nearly 60%, signaling a significant 
destruction of liquidity in the derivatives market, particularly following the 
October 10 (10/10) liquidation event. This contraction reflects a broad 
unwinding of leveraged positions rather than a sudden collapse in spot demand. 
As positions were forced out or closed voluntarily, the derivatives layer 
thinned substantially, leaving the market far less crowded than during the 
mid-2025 peak. It is also important to recognize the mechanical effect of 
price on open interest. As XRP’s price dropped, the notional value of 
outstanding futures contracts fell alongside it, naturally amplifying the 
contraction in OI. In other words, part of the drop reflects lower prices 
reducing leverage in dollar terms, not just traders exiting positions. Still, 
the scale of the decline points to a genuine reset in speculative activity. 
Stepping back, these deleveraging phases play a critical role in restoring 
healthier market conditions. They flush out excess leverage, reduce forced- 
selling risk, and shift control away from overextended short-term traders. 
Historically, such phases become visible when XRP open interest on Binance 
falls below its semi-annual average, as is the case now. Past cycles show that 
once leverage is rebuilt gradually—and participation returns without excessive 
crowding—price action often stabilizes first and recovers later. While this 
does not guarantee an immediate rally, the current cleanup phase reduces 
downside fragility and lays the groundwork for a more sustainable move if 
demand re-emerges. Related Reading: US Institutions Step Back From Ethereum: 
Coinbase Premium Flashes Caution XRP Price Action Details XRP is trading just 
below the $2.00 psychological level, hovering around $1.89. This is a zone 
that has repeatedly acted as short-term support over recent months. Declining 
moving averages compress the price, signaling persistent downside pressure and 
weak momentum. The 50-period moving average (blue) continues to slope downward 
and now acts as dynamic resistance near the $2.30–$2.40 region. Above it, the 
100-period moving average (green) reinforces this resistance cluster, 
confirming that medium-term trend control remains with sellers. More 
importantly, XRP is now leaning on the 200-period moving average (red), which 
has flattened and is acting as a critical structural support around the 
$1.85–$1.90 range. Historically, sustained trading near the 200 MA often marks 
transition zones between continuation and broader trend failure. A clean break 
below this level would expose risk toward prior demand zones near $1.60–$1.70. 
Related Reading: Bitcoin Stuck In Bear Mode For 83 Days: Trend Pulse Confirms 
Structural Weakness Volume remains muted, suggesting market apathy rather than 
panic selling. This aligns with the broader derivatives deleveraging we’ve 
already observed, suggesting that the market has largely flushed out 
speculative pressure. For any meaningful recovery, XRP must reclaim the 50 MA 
and hold above $2.00. Until then, price action points to consolidation under 
resistance. The direction hinges on whether long-term support continues to 
hold or finally gives way. Featured image from ChatGPT, chart from 
TradingView.com

Cryptocurrency price in KWD